Mumbai: Company director held in Rs 30 crore revenue loss case | Mumbai News


Mumbai: Company director held in Rs 30 crore revenue loss case

Mumbai: The Directorate of Revenue Intelligence (DRI) arrested Hong Kong based supplier’s company director for mis-declaring and causing a loss of Rs 30 crores in a luxury furniture import case. She is the third accused to be arrested in the case. The DRI in May this year arrested two — Rizwan Iqbal Chunawala and Sajid Hanif Jada. During searches conducted at multiple premises, officers recovered incriminating documents pointing towards systematic undervaluation and document manipulation aimed at evading customs duty, Integrated Goods and Services Tax, and Social Welfare Surcharge.



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